Coin Sea Wave: 5.14 Cryptocurrency Market Bitcoin (BTC) Latest Market Analysis and Insights

Coin Sea Wave: 5.14 Bitcoin (BTC) Market Analysis Reference:
The daily chart of Bitcoin price is oscillating near the middle band of the Bollinger Bands, and the overall upward channel has not been broken. The short-term moving average system is in a bullish arrangement but shows signs of weakening. The MACD indicator's fast and slow lines have a death cross and are diverging downward, with increasing volume bars, indicating a bearish signal;
The KDJ indicator's death cross is downward, and the J value has fallen into the low zone; the RSI indicator has fallen back into the neutral range, with bullish momentum clearly weakening, caution is needed for a second retest. Support levels are the middle Bollinger Band and the EMA20 line; if broken, further downside risk exists.
In the short-term 4-hour timeframe, after touching the low of 78,755, the price slightly rebounded. The Bollinger Bands are opening downward, with the middle band continuously suppressing the price. The MACD indicator is below the zero line, with volume slightly decreasing, but bearish momentum remains dominant;
The KDJ indicator is turning at a low level but has not formed an effective golden cross, indicating weak rebound momentum; the price is clearly constrained by short- and medium-term EMA lines, currently in a weak correction phase after a decline. The strong resistance above is in the 80,000-80,500 range; if it cannot break through, the likelihood of continued sideways downward movement is high.
In the short term, the market is viewed as under pressure and weak, so consider short positions at resistance levels with proper risk management.
Coin Sea Wave: 5.14 Short-term Bitcoin Trading Reference:
Long positions: Buy in the 78,000-79,000 range, stop loss 500 points, target 79,500-80,500,
Short positions: Sell in the 81,500-80,500 range, stop loss 500 points, target 80,000-79,000,
This content is originally shared by 【Coin Sea Wave】, representing personal opinions only. The article may have delays in delivery and is for reference only. Do not operate blindly!
Hope everyone stays true to their principles on the investment journey, regardless of market fluctuations, and maintain rationality and calmness. #特朗普5月13日访华 #美国4月CPI上涨3.8% $BTC